Offering members core digital transaction services such as online and mobile banking, online payments and online loan processing.
In 2014, World Council of Credit Unions set a goal of reaching 260 million credit union members worldwide by 2020.
Through a concentrated worldwide effort, credit unions were able to reach our "Vision 2020" goal by 2017. But that growth was not even across all countries or among all credit unions. The credit unions that grew were those that offered core services via online and mobile channels. That is why we are now addressing how we increase membership going forward—through the digitization of the global credit union system by 2025.
World Council will measure the digitization of credit unions in four key areas and report annually on the progress being made toward Challenge 2025.
Track the latest developments in digitization by subscribing to our Challenge 2025 Blog. You can also send us updates on how your credit union or credit union system is striving to help us meet Challenge 2025 at firstname.lastname@example.org.
This post is provided by the Customer Owned Banking Association (COBA), World Council's direct member organization in Australia.
By 2023 there will be 29.3 billion internet connected devices on the planet – which is three times the global population. Cybersecurity has become a focal point of the banking sector. What does the future hold?
The global pandemic has touched virtually every aspect of consumers’ lives, prompting them to evaluate which service relationships truly provide value—and which don’t—in their transition to the “new normal.”Read More
The following post is provided by Sicredi, the largest credit union system in Brazil and a direct member of World Council of Credit Unions.
The digital age has been revolutionizing the way we interact, the way we are informed, the way we consume and, of course, how we relate with our financial lives.
The following post is provided by the Singapore National Co-operative Federation, a direct member of World Council of Credit Unions.
Today, we are living in an environment in which technologies like Internet of Things (IoT), artificial intelligence (AI), robotics and data analytics are changing the way we live, work and play. This environment is described as the fourth industrial revolution.
This post is provided by CULedger, a credit union owned CUSO and associate member World Council of Credit Unions.
Recently, we invited Jim Stickley, CEO of Stickley on Security and a well-known cyber security expert, to participate in a fireside chat discussion on the impacts of fraud as the shift in member behavior turns to more digital channels.
With a vision of innovation through new digital mechanisms that expand payments coverage within Ecuador, RTC COONECTA—a successful credit-union owned shared payments platform—has established an alliance with Visa International to connect with the largest global payments network at a time it has never been more needed to ensure public safety.Read More
The following post was provided by the National Association of Co-operative Savings and Credit Unions (NACSCU), World Council’s direct member organization in Poland.
The safety and health of credit union employees and members during the pandemic was a priority for all of us at NACSCU. That is why we recommended limits on the number of direct contacts between employees and credit union members. But this situation also created an opportunity to reduce the level of digital exclusion and bridge the technological gap.
In just over two years, a shared payments platform in Australia has revolutionized the way consumers, businesses and government agencies both make and receive payments.Read More